California State Teachers Retirement System Boosts Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

California State Teachers Retirement System boosted its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 15.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 272,969 shares of the real estate investment trust's stock after purchasing an additional 37,057 shares during the quarter. California State Teachers Retirement System owned about 0.14% of Equity LifeStyle Properties worth $18,180,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ELS. Vanguard Group Inc. raised its position in Equity LifeStyle Properties by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 25,053,845 shares of the real estate investment trust's stock worth $1,668,586,000 after acquiring an additional 388,888 shares during the period. Principal Financial Group Inc. raised its position in Equity LifeStyle Properties by 172.0% in the fourth quarter. Principal Financial Group Inc. now owns 6,070,817 shares of the real estate investment trust's stock worth $404,319,000 after acquiring an additional 3,838,809 shares during the period. JPMorgan Chase & Co. raised its position in Equity LifeStyle Properties by 3.2% in the third quarter. JPMorgan Chase & Co. now owns 4,761,879 shares of the real estate investment trust's stock worth $339,713,000 after acquiring an additional 147,332 shares during the period. Invesco Ltd. raised its position in Equity LifeStyle Properties by 592.7% in the fourth quarter. Invesco Ltd. now owns 3,918,241 shares of the real estate investment trust's stock worth $260,955,000 after acquiring an additional 3,352,584 shares during the period. Finally, Geode Capital Management LLC raised its position in Equity LifeStyle Properties by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 3,887,371 shares of the real estate investment trust's stock worth $258,536,000 after acquiring an additional 53,775 shares during the period. Hedge funds and other institutional investors own 97.21% of the company's stock.

Equity LifeStyle Properties Stock Down 1.3%

Shares of NYSE ELS traded down $0.83 during trading hours on Tuesday, hitting $62.58. 208,568 shares of the stock were exchanged, compared to its average volume of 1,317,980. The company has a quick ratio of 0.03, a current ratio of 0.02 and a debt-to-equity ratio of 0.15. The company has a market cap of $11.96 billion, a PE ratio of 32.09, a PEG ratio of 3.02 and a beta of 0.76. The firm has a fifty day moving average price of $64.33 and a 200-day moving average price of $66.43. Equity LifeStyle Properties, Inc. has a 12 month low of $58.86 and a 12 month high of $76.60.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.83 EPS for the quarter, hitting the consensus estimate of $0.83. The firm had revenue of $327.21 million during the quarter, compared to analyst estimates of $391.34 million. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. During the same quarter in the previous year, the business posted $0.59 EPS. On average, sell-side analysts expect that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current year.

Equity LifeStyle Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend is Friday, June 27th. Equity LifeStyle Properties's dividend payout ratio is presently 106.74%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ELS. Jefferies Financial Group began coverage on shares of Equity LifeStyle Properties in a research report on Tuesday, April 8th. They set a "buy" rating and a $80.00 price objective on the stock. Barclays began coverage on shares of Equity LifeStyle Properties in a report on Thursday, May 29th. They issued an "equal weight" rating and a $70.00 price target on the stock. BMO Capital Markets reduced their price target on shares of Equity LifeStyle Properties from $78.00 to $77.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Finally, Truist Financial reduced their price target on shares of Equity LifeStyle Properties from $72.00 to $71.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Equity LifeStyle Properties presently has a consensus rating of "Moderate Buy" and a consensus target price of $73.90.

Insiders Place Their Bets

In related news, CFO Paul Seavey sold 10,000 shares of the company's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $64.72, for a total value of $647,200.00. Following the completion of the sale, the chief financial officer now owns 78,162 shares of the company's stock, valued at approximately $5,058,644.64. This represents a 11.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.40% of the stock is currently owned by company insiders.

Equity LifeStyle Properties Profile

Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.